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What Is Business Travel Insurance?

Article Details
  • Written By: Geri Terzo
  • Edited By: PJP Schroeder
  • Last Modified Date: 21 July 2014
  • Copyright Protected:
    2003-2014
    Conjecture Corporation
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Travelers can be at the mercy of the transportation service that is being used to arrive at a destination, such as an airline. One way to protect against unexpected delays or cancellations is to invest in business travel insurance. Coverage exists for the travel process and also to protect the health of the individuals traveling. If, for instance, a flight is canceled, luggage is lost, or a connection flight is missed because of some delay, business travel insurance can remove the liability from the traveler or the individual who buys the insurance plan. In the unfortunate instance that some sickness or injury occurs while traveling, temporary medical coverage can make the search for medical care in a strange location easier.

The most appropriate insurance plan to select may be based on the frequency of which an individual travels. Also, a traveler should select coverage for the aspect of traveling that is cause for the most concern. For instance, certain business travel insurance products cover the deposit that was placed on a trip ahead of time up to a certain amount. Certain of these products provide coverage in the event that a carrier cancels a trip due to bankruptcy or severe weather. It may also be possible to invest in a package deal so that different aspects of the travel process are covered with one plan.

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When the unexpected occurs on a business trip, it can be especially challenging to continue with the business at hand. Business travel insurance can help individuals to respond more quickly if certain personal items, such as mobile phones or computers, are lost or stolen on a trip. The insurance policy can help with the expense of replacing the item while traveling or provide some reimbursement later. An individual who is selecting a policy should consider a provider that has experience with business travelers specifically. Most likely, coverage is available for individual trips or unlimited travel over a period of months.

Even if a traveler is a member of some health insurance plan, it does not mean that medical coverage will extend to other countries. In the event that an individual is traveling internationally, purchasing a health insurance package could provide sufficient coverage overseas. Upon traveling to another nation, an individual may be increasingly susceptible to new viruses or other ailments. Obtaining business travel insurance for health care does not need to be an especially costly investment and yet could provide sufficient medical coverage away from home.

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